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22 p, 251.2 KB Subjective income expectations and income risk / Ramos Morilla, Xavier (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada) ; Schluter, Christian (University of Southampton)
In the context of income dynamics, we investigate whether aspects of agents' superior information relative to the econometrician's limited information are captured in subjective expectations data. It is natural, for instance, to assume that the econometrician cannot observe idiosyncratic shocks to both permanent and transitory components of income. [...]
Bonn Institute for the Study of Labor 2006 (Discussion paper (Institute for the Study of Labor); 1950)  

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